Visa & Mastercard End 20-Year Swipe Fee Battle (And Buffett Confirms He’ll Keep His Berkshire Stake)
Visa and Mastercard ended a 20-year antitrust battle with merchants over swipe fees, reaching a long-awaited settlement likely to lower or cap transaction costs for retailers. Warren Buffett said he’ll retain a “significant” Berkshire stake after stepping down as CEO this year, calling Greg Abel the right successor and accelerating $1.3 billion in charitable stock donations. Amsterdam-based Nebius inked a $3 billion deal with Meta to power AI operations, following a $17.4 billion contract with Microsoft. Grab is investing $60 million in remote-driving startup Vay, with another $350 million possible if milestones are met. Paramount Skydance reported strong streaming results and forecast profitability this year, even as legacy TV ad revenue falls. Cogent Biosciences shares soared 119% after positive cancer drug trial results. Take-Two delayed Grand Theft Auto VI again to November 2026, frustrating gamers and investors alike. And U.S. household debt climbed to a record $18.59 trillion, fueled by rising borrowing costs and consumer spending. 🚀 Loving the show? Leave a 5-star rating & review on Apple Podcasts, Spotify, or YouTube to help more people discover it!
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